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  1. IMF monitors a country's fiscal performance and government implements reforms under its assessment framework.

IMF Demands 174 Law Amendments for Pakistan's Economic Program

39 reports, 6 independent Updated Fri 00:00
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39
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6
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New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Well supportedReported by 5 independent outlets

The International Monetary Fund has required Pakistan to implement 174 amendments to various laws as part of its economic program. Finance Secretary Imdadullah Bosal briefed the National Assembly’s Standing Committee on Finance about the programme’s targets and conditions. The government has implemented measures such as abolishing tax exemptions and banning the issuance of supplementary grants. However, significant progress remains lacking on targets related to circular debt in the energy sector and education expenditure.

From samaa.tv

Why it matters

Some supportBrind's analysis of the reports

The IMF programme provides financial assistance to Pakistan, of which the country has received $4.1 billion to date. The required reforms aim to improve governance and restructure subsidy mechanisms within the country. Failure to meet these conditions impacts the country's financial stability and its relationship with the international financial institution.

The IMF monitors a country's fiscal performance and government implements reforms under its assessment framework.

From samaa.tv

Who's involved

  • International Monetary FundInternational financial institution setting programme conditions and providing financial assistance.
  • PakistanSovereign state undergoing structural economic reforms under the IMF programme.
  • Finance DivisionPakistan government department tasked with drafting and implementing required fiscal and legal amendments.
  • Federal Board of RevenueFederal revenue department required to implement tax reforms and improve revenue collection.

How it developed

Newest first. Tap a step to see who reported it.
  1. IMF demands law amendments for Pakistan's economic program.1 source
  2. Pakistan Bureau of Statistics releases household income data, linking to tariff reforms under the IMF program.Sub-event
  3. The Senate urged the government to renegotiate IMF terms, citing conditionality requiring the phaseout of EPZs and SEZs, which the FBR is reviewing.Sub-event
  4. IMF urged Pakistan to implement tax hikes to boost provincial revenues.Sub-event
  5. IMF proposes conditions for gas sector debt reduction with Pakistan.Sub-event
  6. Pakistan implements fiscal measures agreed upon with the IMF.1 source

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IMF monitors a country's fiscal performance and government implements reforms under its assessment framework.

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Coverage

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